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Transforming the energy system with P2P transactions between distributed generators and end consumers

  • This paper aims at presenting a solution that enables end customers of the energy system to participate in new local micro-energy-markets by providing them with a distributed, decentralized, transparent and secure Peer to Peer (P2P) payment system, which functions automatically applying new concepts of Machine to Machine (M2M) communication technologies. This work was performed within the German project VK_2G, funded by the DBU. The key results were: Providing means to perform microtransactions in a P2P fashion between end consumers and prosumers in local communities at low cost in a transparent and secure manner; Developing a platform with pre-defined smart contracts able to be tailored to different end customers ‘needs in an easy way and; Integrating both the market platform as well as the local control of generation and loads. This solution has been developed, integrated and tested in a laboratory prototype. This paper discusses this solution and presents the results of the first test.

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Author of HS ReutlingenColl-Mayor, Debora; Notholt, Antonio
Erschienen in:Renewable energy & power quality journal : RE&PQJ
Publisher:European Association for the Development of Renewable Energy, Environment and Power Quality
Document Type:Conference proceeding
Publication year:2020
Tag:distributed generation; distributed ledger technologies; microgrids
Page Number:5
First Page:706
Last Page:710
DDC classes:333.7 Natürliche Ressourcen, Energie und Umwelt
Open access?:Ja
Licence (German):License Logo  Open Access